M&A Deal Summary

Southern Cross Group Acquires Baker Commercial

On January 1, 2017, private equity firm Southern Cross Group acquired real estate company Baker Commercial

Acquisition Highlights
  • This is Southern Cross Group’s 2nd transaction in the Real Estate sector.
  • This is Southern Cross Group’s 10th transaction in Chile.

M&A Deal Summary

Date 2017-01-01
Target Baker Commercial
Sector Real Estate
Buyer(s) Southern Cross Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Baker Commercial

Santiago, Chile
Baker Commercial is a real estate company whose purpose is to develop real estate projects to generate stabilized and long-term income flows, through the leasing of land for service stations, convenience stores and commercial spaces for different areas, such as pharmacies, restaurants, among others. Baker Commercial is based in Santiago, Chile.

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Buyer(S) 1

DESCRIPTION

Southern Cross Group is a private equity firm that seeks investment opportunities in Latin and South America. Southern Cross only invests in control situations and does not focus on any specific industry. Southern Cross Group was formed in 1998 and is based in Greenwich, Connecticut with additional offices in Argentina, Chile, Mexico, and Brazil.


DEAL STATS #
Overall 27 of 30
Sector: Real Estate M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 23
Country: Chile M&A 10 of 10
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Super Xtra

Panama City, Panama

Super Xtra is a food retail chain in Panama with a strongly articulated “everyday low price strategy”. The company is focused on serving the growing low-middle class in Panama driven by the strong performance of the country’s economy. The company operates a network of 14 stores nationwide through an efficiently-run supply chain and logistics platform. Super Xtra was founded in 1990 and is based in Panama City, Panama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Axity

Mexico, Mexico

Axity is a Latin-American, integrated, end-to-end IT services provider. Axity´s portfolio of services is quite unique in the market, encompassing IT Strategy, Information Management (e.g., business intelligence), Application Management (e.g., ERPs, software development), IT Management, Security and Technology Infrastructure (e.g., communication and connectivity). Axity is based in Mexico.

Buy -